If your job entails valuing upstream petroleum assets and/or contributing inputs to the valuation process or interpreting the outputs, this course is for you. It is particularly appropriate for petroleum engineers or geo-scientists who are moving into management and/or planning. It will also be very useful for technical professionals in the upstream E&P industry as it lays out the needs, expectations and limitation in the economic evaluation process and hence will provide a better understanding of the way their information is being used in the economic evaluation and investment decision-making process.
This course is designed to increase
the knowledge and skills of anyone valuing upstream petroleum assets as well as
those contributing inputs to the valuation process or interpreting the outputs.
It is a practical petroleum economics course which introduces participants to
methods and practices utilized in the international oil industry to examine the
economic viability of upstream oil & gas projects.
The course provides the latest
available knowledge to formulate, apply, and report on the investment
decision-making process relevant for the exploration & production
industry. The skills learnt are
applicable to a wide range of projects, from relatively simple reservoir
management decisions, such as evaluating a single-track, to major field
development decisions. Requirements for valuing a project are addressed in
detail. Microsoft Excel will be used for examples and exercises.
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Analyzing
investment opportunities
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Estimating
the flow of money
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International
fiscal regimes
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Financial
concepts
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Classical
investment valuation
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Performance
metrics and efficiency measures
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Modern
investment valuation
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Review
of probability and statistics
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Uncertainty
assessment
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Decision
trees
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Value-of-Information
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